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Abbey cuts rates on flexible deals

Abbey last week cut the rates on its flexible mortgage range. The Flexible Plus deal for life is now available at 4.99% and Standard Flexible Plus is available at 5.25% with a low fee of 199.

The lender says flexible mortgages have been gaining popularity because people want to tailor their mortgage payments to suit them rather than allow their mortgage to dictate their lifestyle.

Datamonitor recently said the offset market will grow at an annual average rate of 24% over the next four years.

But as more and more lenders incorporate flexible style mortgages into their core ranges, Abbey warns not all are the same.

Jeff Scott, head of intermediary marketing and specialist lending at Abbey, says: “Many lenders impose restrictions on how borrowers can use their flexible mortgages. Our deal has none of the usual restrictions.”


United Group to develop proposition for HIPs

The United Group is aiming to make the transition to using Home Information Packs straightforward with its eConveyancer system and with the help of other mortgage-related organisations. The United Group owns technology that facilitates the electronic flow of information between organisations involved in the house buying process. It now plans to develop a proposition for […]

Access financial data on the web

CACI is offering financial services institutions the chance to access intelligence on mortgages, savings and current accounts via the internet. The online service replicates the data available through CACI’s established market databases.

It’s time for the FSA to look into lenders’ service levels

Name and address supplied I’d like to tell readers about the poor service I recently received from Northern Rock (all within 24 hours). A Together DIP was carried out for my clients and sent for referral for increased income multiples. I received a call confirming the loan had been agreed and that my clients could […]

Ipswich gets into sub-prime

Ipswich has entered the sub-prime market with a range of products designed to comply with the Financial Services Authority’s Treating Customers Fairly policy. A self-cert, two-year sub-prime discount deal has been designed to meet the needs of people who might have missed mortgage payments or have credit card and loan arrears or County Court judgements […]


Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy


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